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Scope of Economic - Coggle Diagram
Scope of Economic
Macroeconomics
whole economy
income and output on a national scale
Employment
Total number of jobs
Prices
Producer prices
Rate of inflation
Production
Total industrial output
Income
national income
Microeconomics
Individual market
Firms and households
Production
Production in individual
Income
Salaries, poverty
Prices
Prices of individual Example : food prices
Employment
Number of employees in a firm